The probability limit of the OLS estimator in the case of omitted variables is given in your text by the following formula: Give an intuitive explanation for two conditions under which the bias will be small.

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The probability limit of the OLS estimator in the case of omitted variables is given in your text by the following formula:  Give an intuitive explanation for two conditions under which the bias will be small.

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The Answer of The probability limit of the OLS estimator in the case of omitted variables is given in your text by the following formula:  Give an intuitive explanation for two conditions under which the bias will be small.

The Probability Limit of the OLS Estimator in the Case